Global Magnetoencephalography Market Overview
According to SPER Market Research, the Global Magnetoencephalography Market is estimated to reach USD 0.50 billion by 2032 with a CAGR of 6.03%.
Increased technological advancements in magnetoencephalography (MEG) systems and their rising adoption, as well as the rising prevalence of neurological disorders that result in death and disability globally, are likely to be some of the key factors driving market expansion during the forecast period. Additionally, neurodegenerative illnesses primarily affect people in their middle to late years of life, and it is anticipated that as the population ages, their prevalence will increase. One of the best tools for examining epilepsy, brain tumours, emotions, pain perception, and other neurological issues is the MEG scanner. Neuromagnetic impulses flow through the skull and scalp without being altered, which is a benefit of MEG. Despite the fact that the technology has been existed for decades, new improvements in hardware and computing power have increased interest in scanner. Because of this, neurodegenerative diseases are more common, which is helping the magnetoencephalography market expand. An optically pumped magnetometer is a novel type of sensor that has become available in recent years for monitoring neuromagnetic signals (OPM). The conventional optically pumped magnetometer design measures the laser light intensity after it has passed through a glass cell filled with gas using a photodiode.
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Impact of COVID-19 on the Global Magnetoencephalography Market
Due to the Covid 19 epidemic, the Global Magnetoencephalography market will see positive growth rather than revenue loss. The COVID-19 neurological signs range from moderate (such as loss of taste and smell, headache, and dizziness) to severe (e.g., ischemic stroke, encephalitis). The underlying processes may be both direct and indirect (due to thrombotic complications, inflammatory side effects, hypoxia, and blood pressure dysregulation) (neurotropic properties of the virus). More study is necessary because the majority of the articles were opinion pieces and no studies on the effects on cognition have been done. By detecting the faint magnetic fields generated in the brain, magnetoencephalography (MEG) devices can map brain activity and measure the functionality of the brain. The intrinsic uses of MEG in a clinical context are numerous. Due to the passive nature of the recordings, scans can be carried out in a silent and secure environment, even with a patient's companion present inside the protected area. The market's leading rivals are acquiring medium and small-sized companies in order to diversify their product lines and increase their manufacturing capabilities.
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Scope of the Report:
| Report Metric | Details |
| Market size available for years | 2019-2032 |
| Base year considered | 2021 |
| Forecast period | 2022-2032 |
| Segments covered | By Application, By End User
|
| Regions covered | Asia-Pacific, Europe, Middle East & Africa, North America, Latin America
|
| Companies Covered | Compumedics Limited, Croton Healthcare, CTF MEG International Services LP, FieldLine Inc., Ricoh Company Ltd.
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Global Magnetoencephalography Market Segmentation:
1. By Application:
- Clinical
- Autism
- Dementia
- Epilepsy
- Multiple Sclerosis
- Schizophrenia
- Stroke
- Others
- Research
2. By End User:
- Hospitals
- Imaging centres
- Academic And Research Institutes
3. By Region:
- Asia-Pacific
- Europe
- Middle East & Africa
- North America
- Latin America
Key Topics Covered in the Report:
- Size of Global Magnetoencephalography Market (FY’2019-FY’2032)
- Overview of Global Magnetoencephalography Market
- Segmentation of Global Magnetoencephalography Market By Application (Clinical, Research)
- Segmentation of Global Magnetoencephalography Market By End User (Hospitals, Imaging Centres, Academic and Research Institutes)
- Statistical Snap of Global Magnetoencephalography Market
- Growth Analysis of Global Magnetoencephalography Market
- Problems and Challenges in Global Magnetoencephalography Market
- Competitive Landscape in the Global Magnetoencephalography Market
- Impact of COVID-19 and Demonetization on Global Magnetoencephalography Market
- Details on Recent Investment in Global Magnetoencephalography Market
- Competitive Analysis of Global Magnetoencephalography Market
- Major Players in the Global Magnetoencephalography Market
- SWOT Analysis of Global Magnetoencephalography Market
- Global Magnetoencephalography Market Future Outlook and Projections (FY’2019-FY’2032)
- Recommendations from Analyst
1. Introduction
1.1. Scope of the report
1.2. Market segment analysis
2. Research Methodology
2.1 Research data source
2.1.1 Secondary data
2.1.2 Primary data
2.1.3 SPER’s internal database
2.1.4 Premium insight from KOL’s
2.2 Market size estimation
2.2.1 Top-down and Bottom-up approach
2.3 Data triangulation
3. Executive Summary
4. Market Dynamics
4.1. Driver, Restraint, Opportunity and Challenges analysis
4.1.1 Drivers
4.1.2 Restraints
4.1.3 Opportunities
4.1.4 Challenges
4.2. COVID-19 Impacts of the Global Magnetoencephalography Market
5. Market variables and outlook
5.1. SWOT analysis
5.1.1 Strengths
5.1.2 Weaknesses
5.1.3 Opportunities
5.1.4 Threats
5.2. PESTEL analysis
5.2.1 Political landscape
5.2.2 Economic landscape
5.2.3 Social landscape
5.2.4 Technological landscape
5.2.5 Environmental landscape
5.2.6 Legal landscape
5.3. PORTER’S five forces analysis
5.3.1 Bargaining power of suppliers
5.3.2 Bargaining power of Buyers
5.3.3 Threat of Substitute
5.3.4 Threat of new entrant
5.3.5 Competitive rivalry
5.4. Heat map analysis
6. Competitive Landscape
6.1. Global Magnetoencephalography Base Distribution, Sales Area, Product Type
6.2. Mergers & Acquisitions, Partnerships, Product Launch, and Collaboration in Global Magnetoencephalography Market
7. Global Magnetoencephalography Market, By Application, 2019-2032 (USD Million)
7.1. Clinical
7.1.1. Autism
7.1.2. Dementia
7.1.3. Epilepsy
7.1.4. Multiple Sclerosis
7.1.5. Schizophrenia
7.1.6. Stroke
7.1.7. Others
7.2. Research
8. Global Magnetoencephalography Market, By End User, 2019-2032 (USD Million)
8.1. Hospitals
8.2. Imaging centres
8.3. Academic And Research Institutes
9. Global Magnetoencephalography Market, By Region, 2019-2032 (USD Million)
9.1. Global Magnetoencephalography Market Size and Market Share by Region (2019-2025)
9.2. Global Magnetoencephalography Market Size and Market Share by Region (2026-2032)
9.3. Asia-Pacific
9.3.1. Australia
9.3.2. China
9.3.3. India
9.3.4. Japan
9.3.5. South Korea
9.3.6. Rest of Asia-Pacific
9.4. Europe
9.4.1. France
9.4.2. Germany
9.4.3. Italy
9.4.4. Spain
9.4.5. United Kingdom
9.4.6. Rest of Europe
9.5. Middle East & Africa
9.5.1. Kingdom of Saudi Arabia
9.5.2. United Arab Emirates
9.5.3. Rest of Middle East & Africa
9.6. North America
9.6.1. Canada
9.6.2. Mexico
9.6.3. United States
9.7. Latin America
9.7.1. Argentina
9.7.2. Brazil
9.7.3. Rest of Latin America
10. Company Profiles
10.1. Compumedics Limited
10.1.1. Company details
10.1.2. Financial outlook
10.1.3. Product summary
10.1.4. Recent developments
10.2. Croton Healthcare
10.2.1. Company details
10.2.2. Financial outlook
10.2.3. Product summary
10.2.4. Recent developments
10.3. CTF MEG International Services LP
10.3.1. Company details
10.3.2. Financial outlook
10.3.3. Product summary
10.3.4. Recent developments
10.4. FieldLine Inc.
10.4.1. Company details
10.4.2. Financial outlook
10.4.3. Product summary
10.4.4. Recent developments
10.5. Ricoh Company Ltd.
10.5.1. Company details
10.5.2. Financial outlook
10.5.3. Product summary
10.5.4. Recent developments
11. List of Abbreviations
12. Reference Links
13. Conclusion
14. Research Scope
SPER Market Research’s methodology uses great emphasis on primary research to ensure that the market intelligence insights are up to date, reliable and accurate. Primary interviews are done with players involved in each phase of a supply chain to analyze the market forecasting. The secondary research method is used to help you fully understand how the future markets and the spending patterns look likes.
The report is based on in-depth qualitative and quantitative analysis of the Product Market. The quantitative analysis involves the application of various projection and sampling techniques. The qualitative analysis involves primary interviews, surveys, and vendor briefings. The data gathered as a result of these processes are validated through experts opinion. Our research methodology entails an ideal mixture of primary and secondary initiatives.
